I know for our business we try to be the nicest, cleanest house on the street and if something small breaks, we take care of it ourselves and only call on the landlord for the major stuff.

It can, but I find that the majority prefer their own space.

Both Indy and Knoxville are major cities.  

Major issues like foundation work, bathroom renovations, and deck repairs are considered capital improvements, which can be depreciated over time, allowing you to offset a significant portion of your rental income with those deductions.

We used to use Lodgify to manage our STR's and the owners had a portal where they were able to see the majority of the info you are looking for.

However in the future because  of how these things tend to go, I would not have called insurance or a remediation company, I would have just fixed it immediately before it got too bad then warned the tenant not to do it again (and to be fair to them it’s odd that simply hanging a picture would cause a major plumbing leak, the likelihood of that happening is so low) and moved on.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The hospital did recently undergo expansion, but I wouldn’t count on that alone to drive major change in the area’s economic profile anytime soon.If you need more specific insights on Trowbridge Ave or the surrounding area, feel free to reach out—I’d be happy to help!

My target purchase price is no more than $410K, aiming for an ARV in the $530K to $570K range.I'm comfortable with small to medium-sized renovations that don't require major structural changes or additional square footage.

I used to even include a clip of the newspaper articles when a major levy was passed.